Murtaza Uddin
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Bitcoin (BTC/USDT) Shows Signs of Recovery After Recent Drop
Bitcoin is showing early signs of recovery as it trades at 114,530.68 USDT, gaining +0.76% in the past 24 hours. The recent price action on Binance’s 1-day chart highlights a bounce from recent lows, suggesting a potential shift in market sentiment.
Earlier, BTC surged to a local high of 123,218 USDT before pulling back sharply to around 98,200 USDT. The price has since climbed back above the 114,000 mark, indicating some bullish strength. The current 24-hour range — between 113,551 USDT and 115,000 USDT — shows tight consolidation, which often precedes a breakout.
Technical Overview
RSI (6) is at 39.82, reflecting weak momentum. Though below neutral, it hasn’t entered oversold territory, leaving room for potential upside.
On-Balance Volume (OBV) sits at 1,282,540.18, with recent declines suggesting low conviction behind the latest move.
The Average Level (AVL) at 114,516.23 closely matches the current price, pointing to market indecision.
Volume & Sentiment
24h BTC Volume: 7,121.47
24h USDT Volume: 813.38M
High trading volumes reflect active interest in the market, despite recent volatility.
Key Levels
Support: 113,551 → 107,957 → 98,200
Resistance: 115,000 → 118,964 → 123,218
A breakout above 115,000 could signal a move toward 118,000+, while a drop below 113,000 could bring further downside.
Conclusion
Bitcoin appears to be stabilizing after a steep correction. While indicators remain mixed, price action suggests a potential rebound. Traders should closely monitor volume and key levels for confirmation of the next trend.
#BTC☀ #MarketRebound #btcnews #BTCNextMove #btcnews99
$BTC $ETH
Bitcoin is showing early signs of recovery as it trades at 114,530.68 USDT, gaining +0.76% in the past 24 hours. The recent price action on Binance’s 1-day chart highlights a bounce from recent lows, suggesting a potential shift in market sentiment.
Earlier, BTC surged to a local high of 123,218 USDT before pulling back sharply to around 98,200 USDT. The price has since climbed back above the 114,000 mark, indicating some bullish strength. The current 24-hour range — between 113,551 USDT and 115,000 USDT — shows tight consolidation, which often precedes a breakout.
Technical Overview
RSI (6) is at 39.82, reflecting weak momentum. Though below neutral, it hasn’t entered oversold territory, leaving room for potential upside.
On-Balance Volume (OBV) sits at 1,282,540.18, with recent declines suggesting low conviction behind the latest move.
The Average Level (AVL) at 114,516.23 closely matches the current price, pointing to market indecision.
Volume & Sentiment
24h BTC Volume: 7,121.47
24h USDT Volume: 813.38M
High trading volumes reflect active interest in the market, despite recent volatility.
Key Levels
Support: 113,551 → 107,957 → 98,200
Resistance: 115,000 → 118,964 → 123,218
A breakout above 115,000 could signal a move toward 118,000+, while a drop below 113,000 could bring further downside.
Conclusion
Bitcoin appears to be stabilizing after a steep correction. While indicators remain mixed, price action suggests a potential rebound. Traders should closely monitor volume and key levels for confirmation of the next trend.
#BTC☀ #MarketRebound #btcnews #BTCNextMove #btcnews99
$BTC $ETH
#BitcoinWithTariffs Btc holding above 83k in the past 2-3 days and from here we can see 88k or 90k easily if it holds above it
Btc holding above 83k in the past 2-3 days and from here we can see 88k or 90k easily if it holds above it$BTC #BitcoinWithTariffs
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